By Helgi Library - April 2, 2020
Heineken Czech Republic's total assets reached CZK 3,037 mil at the end of 2016, up 3.54% compared to the previous year. ...
| Profit Statement |
| Balance Sheet |
| Ratios |
| Cash Flow |
Get all company financials in excel:
Get all company financials in excel:
HEINEKEN Česká republika is a Czech Republic-based subsidiary of Heineken, the third largest brewing group in the world. Heineken entered the Czech market in 2003 with the acquisition of Starobrno. In 2007, Královský pivovar Krušovice was added to the Czech portfolio increasing Heineken's market share to 8% thereby making the new Company number three on the Czech market. With a purchase of Drinks Union in 2008, Heineken's share has increased to 12%. Apart from the its own premium brands, Heineken's portfolio of Czech beers includes brands Starobrno, Hostan, Red Drak and Zlatý Bažant of Starobrno brewery, Breweries Krušovice and Velké Březno produce a range of beers under the Krušovice crown and brands such as Zlatopramen, Březňák, Louny and Dačický.
Heineken Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 4.55% a year during that time to total of CZK 543 mil in 2016, or 17.0% of sales. That’s compared to 14.5% average margin seen in last five years.
The company netted CZK 168 mil in 2016 implying ROE of 20.0% and ROCE of 7.73%. Again, the average figures were 13.7% and 5.38%, respectively when looking at the previous 5 years.
Heineken Czech Republic’s net debt amounted to CZK 1,090 mil at the end of 2016, or 132% of equity. When compared to EBITDA, net debt was 2.01x, down when compared to average of 2.48x seen in the last 5 years.
Helgi Library 
